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  • Ontario well positioned to lead the global green economy

    Ontario well positioned to lead the global green economy
    Sault Ste. Marie and Ontario Chambers of Commerce
    Kick Off the Ontario Climate Action Series

    November 3, 2021
    Sault Ste. Marie, ON / Toronto, ON – The climate crisis is a growing threat to businesses and individuals around the world, but Ontario is well positioned to lead in the global green economy. Today, the Ontario Chamber of Commerce’s (OCC), the Sault Ste. Marie Chamber of Commerce (SSMCOC), and partners kicked off the Ontario Climate Action Series with the launch of OCC’s latest policy report: The Climate Catalyst: Ontario’s Leadership in the Green Global Economy. The report offers a window into how organizations in Ontario are confronting climate change and what policymakers can do to encourage more sustainable investment and innovation.
    “We must be ready to tackle the challenges of climate change head on while balancing the need for economic growth and managed transformation,” said Rory Ring, CEO of the Sault Ste. Marie Chamber of Commerce. “We already feel the impacts of changing temperatures and climate in Sault Ste. Marie and Algoma and industry is leading the way in our transformation with strategic investments like that of Algoma Steel, approximately a $750 million transformation to reduce their carbon footprint. This is an opportunity for us to leverage Ontario’s skilled and innovative labour force to develop concrete solutions to decarbonize our economy and drive us towards a green, clean economy.”
    “As Ontario emerges from the COVID-19 pandemic, we would be remiss to forget about the other systemic threat: climate change,” said Rocco Rossi, President and CEO of the OCC. “Its impacts are already being felt across Ontario as extreme weather events disrupt livelihoods, infrastructure, access to natural resources, and community well-being. While confronting climate change is a historic challenge, it also elicits opportunities for innovation, job creation, economic development, and local leadership.”
    Taking place from Fall 2021 to Spring 2022, the Series will examine the impacts of climate change on communities & businesses, showcase on-going leadership within Ontario, and encourage governments to unlock further investment and innovation in climate action.
    Our main policy recommendations in this report can be summarized under the following themes: 
    1. Minimize uncertainty. Improve predictability around climate policies and long-term energy procurement.
    2. Mobilize clean energy solutions. Use flexible regulation, risk-sharing partnerships, tax incentives, and Indigenous-led projects to accelerate investments in a suite of low-carbon energy technologies.
    3. Support cleantech. Invest in research and commercialization, expand skills training, and de-risk private financing for clean technology.
    4. Strengthen climate adaptation. Coordinate strategies across levels of government, make tangible commitments and investments, and advance Indigenous reconciliation.
    “Organizations across Ontario are investing in the kinds of innovation that will advance both decarbonization and long-term economic recovery,” said Claudia Dessanti, Senior Manager of Policy of the OCC. “Our members are uniquely positioned to tackle the climate crisis with made-in-Ontario solutions in all sectors that are a win-win for both the environment and the economy.”
    Enormous thanks to OCC’s partners for making this series possible: Ontario Power Generation, CN, SNC-Lavalin, EaRTH District, University of Toronto, Insurance Bureau of Canada, Enbridge and Waste Connections.
    Read the report. Learn more about the Ontario Climate Action Series here.
    About the Sault Ste. Marie Chamber of Commerce  
    The Sault Ste. Marie Chamber of Commerce represents the interests of 700 plus business and agencies in Sault Ste. Marie and has been serving the needs of this community since 1889. The Sault Ste. Marie Chamber of Commerce will lead the way as the voice of business, advancing economic prosperity for its membership and the business community. Learn more about the SSMCOC at www.ssmcoc.com 
    About the Ontario Chamber of Commerce
    For more than a century, the Ontario Chamber of Commerce (OCC) has been the independent, non-partisan, indispensable partner of Ontario business. The OCC’s mission is to support economic growth in Ontario by defending business priorities at Queen’s Park on behalf of its network’s diverse 60,000 members.
    Media Contact:
    Rory Ring, Chief Executive Officer
    Sault Ste. Marie Chamber of Commerce

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